Virtus Investment Partners, Inc. (NASDAQ:VRTS - Get Free Report) declared a quarterly dividend on Thursday, December 12th,RTT News reports. Investors of record on Friday, January 31st will be paid a dividend of 2.25 per share by the closed-end fund on Wednesday, February 12th. This represents a $9.00 dividend on an annualized basis and a dividend yield of 3.71%.
Virtus Investment Partners has raised its dividend payment by an average of 34.3% per year over the last three years.
Virtus Investment Partners Stock Performance
VRTS traded down $1.55 during trading on Thursday, reaching $242.67. 24,629 shares of the company's stock were exchanged, compared to its average volume of 42,215. The company has a market capitalization of $1.70 billion, a P/E ratio of 9.84 and a beta of 1.46. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $229.40 and a 200 day moving average price of $220.86. Virtus Investment Partners has a fifty-two week low of $190.42 and a fifty-two week high of $263.39.
Analysts Set New Price Targets
A number of analysts recently weighed in on VRTS shares. Piper Sandler upped their target price on shares of Virtus Investment Partners from $264.00 to $274.00 and gave the company an "overweight" rating in a research note on Wednesday, November 27th. StockNews.com lowered Virtus Investment Partners from a "buy" rating to a "hold" rating in a research note on Monday, November 25th. Barclays raised their target price on Virtus Investment Partners from $212.00 to $239.00 and gave the stock an "underweight" rating in a research report on Monday. Finally, Morgan Stanley upped their price target on Virtus Investment Partners from $208.00 to $217.00 and gave the company an "underweight" rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $244.25.
Check Out Our Latest Report on Virtus Investment Partners
About Virtus Investment Partners
(
Get Free Report)
Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.
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